Speaker 1: Thank you for listening to pictures Media Radio. Welcome to
Speaker 1: policy and rights show up Gosh, welcomer Policy human joys.
Speaker 1: All right, welcome back to policy right here depictions Media Radio,
Speaker 1: your hosts, Metal clubs. Well, it seems to be a
Speaker 1: lithium battle out there, a battle to UH war between
Speaker 1: the US and Canada to figure out the making of
Speaker 1: lithium batteries. So we had a recent announcement for for
Speaker 1: the White House as they wanted ten percent of the
Speaker 1: stock for Lithium America's UH business major, which Lithium America
Speaker 1: is a major lithium mining company UH based in North America.
Speaker 1: And of course there there is a race one to
Speaker 1: develop the next big, greatest.
Speaker 2: Uh EV.
Speaker 1: Electric vehicle system UH And in a related article in
Speaker 1: the in the Vancouver Sun was written by B. W.
Speaker 1: Homer As as they described it that in a lot
Speaker 1: of areas there is a lack of infrastructure to convert
Speaker 1: gas vehicles into into service or as as electric vehicles.
Speaker 1: While the consumer products may be out there, and the
Speaker 1: consumer products UH have since the pandemic actually taken a
Speaker 1: huge dip sales as far as the government service. The
Speaker 1: that that there is this lack of infrastructure for police
Speaker 1: to convert to electric vehicles. For stry industry, forestry services, Uh,
Speaker 1: there are no actual electric vehicles they can handle the
Speaker 1: terrain that they would need need these these service vehicles
Speaker 1: to go through. They can't really go off road, sorry, Tesla.
Speaker 1: The cyber truck does not cut cut the mustard into
Speaker 1: being able to handle true off road terrains and capabilities
Speaker 1: to get get deep into into the wilderness. So there
Speaker 1: there is that. Well, part of the problem is, of course,
Speaker 1: the electric car is based on the lithium battery. Well,
Speaker 1: here's the big thing with the lithu battery. If the
Speaker 1: lithu battery overheats and to the to a critical point,
Speaker 1: the only way to stop the fire from burning is
Speaker 1: to bury it in so many feet of sand or
Speaker 1: to drop it in twenty feet of water. Well that
Speaker 1: sounds fine and everything until you start looking at fire departments,
Speaker 1: so carry tons of sand on their trucks to dump
Speaker 1: onto Uh want too a lithium battery to put it out.
Speaker 1: And as far as the borstary services concerned, if their
Speaker 1: truck lights up on fire because the bad has exploded,
Speaker 1: well there becomes a major forest fire that they can't
Speaker 1: simply just can't put out the until they put that
Speaker 1: lithium battery out. So major problems with this. Okay, So
Speaker 1: we discussed the issue and the problem. Well here here
Speaker 1: we have it Donald Trump in the White House making
Speaker 1: a major announcement into wanting to invest into lithium technology
Speaker 1: and mining. And we also have a announcement from the
Speaker 1: Canadian Federal Ministry of Energy as Tim Hodginson makes an
Speaker 1: announcement of investing into twenty two million dollars into a
Speaker 1: company to help develop new lite of battery energy or
Speaker 1: in technologies. So the race is on to develop an
Speaker 1: ev they can they can truly replace the gas powered engine.
Speaker 1: Be kind of interesting to see. Along with that, of course,
Speaker 1: we have on the other side, the Alberta is making
Speaker 1: a fourteen million dollar investment into pipelines to reach the
Speaker 1: Pacific coast either through Vancouver or Northwest territories, in order
Speaker 1: to get their bit your main product out to the world.
Speaker 1: One of the major problems that has always cleaned is
Speaker 1: while they may be the backbone of the economy for
Speaker 1: Canada's economy because of all the oil that they have,
Speaker 1: that they are landlocked and they can't because they're in
Speaker 1: the middle of the continent. They cannot get to a
Speaker 1: free port without making agreements with other provinces around them.
Speaker 1: So we look forward to seeing what kind of agreements
Speaker 1: will be made between Alberta and British Columbia to get
Speaker 1: this feature maybe out which are already current pipelines. There's
Speaker 1: a trans Mountain to pipeline that currently already is filling
Speaker 1: tankers in Vancouver Port area. Is so what more is
Speaker 1: going to happen and how will the effects of lithium
Speaker 1: and lithium mining and battery development moved towards the Alberta economy.
Speaker 1: What are they going to happen to keep up? But
Speaker 1: when we get started, and we're going to listen to
Speaker 1: first the announcement that was made by Tim Hodgson as
Speaker 1: he is the Minister of the of Energy in Kapa
Speaker 1: in the federal level, and see what this announcement where
Speaker 1: it all leads to. We're going to play the full
Speaker 1: incomplete press conference as well as we're going to play
Speaker 1: posts of the press conference that was helped by Daniel
Speaker 1: Smith as she is Premier of Alberta. As they're talking
Speaker 1: about investments into pipelines and reaching out to the world
Speaker 1: with their beach, prads.
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Speaker 3: said even Mandaccera. The ranges three, the battery, It's Amplutard
Speaker 3: parcel Principal and lendable, Tim Adson minies the lineers the
Speaker 3: resource Natural you can add and Tim, if you want
Speaker 3: to come and give a few words to our audience,
Speaker 3: would be much appreciated.
Speaker 4: U Mersi bojo.
Speaker 5: Everyone say a vaccoon Grand Verdi for Teke cour Jehan
Speaker 5: or Vaux or should we see on Montreal form to
Speaker 5: premiere tournier oh Quebec Ministra de Energy Resources.
Speaker 6: Sorry for that.
Speaker 4: I tortured your ears. I'm sorry.
Speaker 5: I tried I'm pleased to be here with my Parliamentary
Speaker 5: Secretary MP Claude Gay and our fellow colleague Tetiana Augustine.
Speaker 5: This is a city that's very fortunate to have such
Speaker 5: strong and enthusiastic voices representing them in Ottawa as your
Speaker 5: MPs these days, as I start most speeches by setting
Speaker 5: the table with something we all know, Canada is at
Speaker 5: a hinge moment in our history. To meet this moment,
Speaker 5: your new federal government has set a clear ambition to
Speaker 5: build the strongest Canada we have seen in generations and
Speaker 5: the most resilient economy in the G seven.
Speaker 4: To achieve this, we must.
Speaker 5: Focus on projects that leverage and advance homegrown Canadian talent,
Speaker 5: resources and expertise. That is how Canada will claim and
Speaker 5: cement its place as a global energy superpower. And in
Speaker 5: this hinge moment where we see a rapid global innovation
Speaker 5: race and a shift towards energy sovereignty, we were just
Speaker 5: talking about that. One strategic technology where Canada and certainly
Speaker 5: Quebec is in the lead is in the development of batteries.
Speaker 5: Across the world, nations are racing to design and build
Speaker 5: the batteries that will power tomorrow's vehicles and industries as
Speaker 5: we were just talking about, and today we are sending
Speaker 5: a clear message. World class innovation doesn't just happen in
Speaker 5: the United States.
Speaker 4: Or in Asia. It happens right here.
Speaker 5: It happens from Shewinigan to Bay Concour, in our labs,
Speaker 5: in our companies as.
Speaker 4: Dan Neuville come Ec a' Monrea.
Speaker 5: This matters because global battery demand is expected to grow
Speaker 5: nearly one hundred and fifty fold between twenty twenty two
Speaker 5: and twenty fifty to meet our net zero targets. Meeting
Speaker 5: that demand in a way that also ensures our sovereignty
Speaker 5: and creates jobs for Canadians means building resilience, supply chains,
Speaker 5: and Quebec, with its clean electricity, critical minerals, and skilled workforce,
Speaker 5: has the tools and expertise the world is looking for.
Speaker 5: That is why today I'm pleased to announce a federal
Speaker 5: investment of over twenty two million dollars in support of
Speaker 5: eight projects in Quebec and across the rest of Canada
Speaker 5: to accelerate battery innovation and production capacity all across this country.
Speaker 5: These investments are not just about technology or improving our
Speaker 5: carbon footprint. They are about building a cleaner, stronger and
Speaker 5: more sovereign Canada for generations to come. They're about skating
Speaker 5: to where the puck is going.
Speaker 7: The real estate market is changing.
Speaker 3: Isuelve new seven set even mass include the Secretary of
Speaker 3: Paramatta gimminist the Lineerg Resource Natural at Deputy, the las
Speaker 3: a mar Velder Jean Montreal made with the ceremony usual
Speaker 3: zrepo set even Eastern pleasing vout important pokemons issue and
Speaker 3: I can rein so so cni no cd the canyon
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Speaker 3: can Nacion and Grand Jean Moyal recognize respect pepul to
Speaker 3: thank guard in traditional there can j ah don't give
Speaker 3: you as even man acceleration. The NGS three the battery
Speaker 3: example that the Parson Principal and Leona let tim Adson
Speaker 3: minies the lineers the resource Natural You can add and
Speaker 3: him if you want to come and give a few
Speaker 3: words to our audience and would be much appreciated.
Speaker 4: Mercy Bojo, Everyone.
Speaker 5: Say a raccoon Grand verditar for teke cousemaj Jehan or
Speaker 5: vaux or do we see on Montreal form to Premiere
Speaker 5: tournier okay a Ministra energy resources.
Speaker 8: Sorry for that.
Speaker 4: I tortured your ears. I'm sorry, I tried.
Speaker 5: I'm pleased to be here with my Parliamentary Secretary MP
Speaker 5: Claude Gay and our fellow colleague Tetiana Augustine. This is
Speaker 5: a city that's very fortunate to have such strong and
Speaker 5: enthusiastic voices representing them in.
Speaker 4: Ottawa as your MPs these days.
Speaker 5: As I start most speeches by setting the table with
Speaker 5: something we all know, Canada is at a hinge moment
Speaker 5: in our history. To meet this moment, your new federal
Speaker 5: government has set a clear ambition to build the strongest
Speaker 5: Canada we have seen in generations and the most resilient
Speaker 5: economy in the G seven. To achieve this, we must
Speaker 5: focus on projects that leverage and advance homegrown Canadian talent,
Speaker 5: resources and expertise. That is how Canada will claim and
Speaker 5: cement its place as a global energy superpower. And in
Speaker 5: this hinge moment where we see a rapid global innovation
Speaker 5: race and a shift towards energy sovereignty, we were just
Speaker 5: talking about that one strategic technology where Canada and certainly
Speaker 5: Quebec is in the lead is in the development of
Speaker 5: batteries across the world. Nations are racing to design and
Speaker 5: build the batteries that will power tomorrow's vehicles and industries.
Speaker 5: As we were just talking about, and today we are
Speaker 5: sending a clear message world class innovation doesn't just happen
Speaker 5: in the United States or in Asia.
Speaker 4: It happens right here.
Speaker 5: It happens from Shewinnigan to Bay Concour, in our labs,
Speaker 5: in our companies as.
Speaker 4: Dan Neuville come ec a' Monrea.
Speaker 5: This matters because global battery demand is expected to grow
Speaker 5: nearly one hundred and fifty fold between twenty twenty two
Speaker 5: and twenty fifty to meet our net zero targets. Meeting
Speaker 5: that demand in a way that also ensures our sovereignty
Speaker 5: and creates jobs for Canadians means building resilience, supply chains,
Speaker 5: and Quebec, with its clean electricity, critical minerals, and skilled workforce,
Speaker 5: has the tools and expertise the world is looking for.
Speaker 5: That is why today I'm pleased to announce a federal
Speaker 5: investment of over twenty two million dollars in support of
Speaker 5: eight projects in Quebec and across the rest of Canada
Speaker 5: to accelerate battery innovation and production capacity all across this country.
Speaker 5: These investments are not just about technology or improving our
Speaker 5: carbon footprint. They are about building a cleaner, stronger, and
Speaker 5: more sovereign Canada for generations to come. They're about skating
Speaker 5: to where the puck is going something I know Montreal
Speaker 5: Canadian fans like myself understand gohabs. These projects will improve
Speaker 5: battery design while lowering costs so batteries are more affordable
Speaker 5: and useful in cars, factories, and power grids. They will
Speaker 5: make battery supply more secure and environmentally friendly. And they
Speaker 5: will help new ideas grow into solutions that support our
Speaker 5: economy and our energy independence. In every battery design here
Speaker 5: there is more than just technology. There is the will
Speaker 5: of a country to do ambitious things and invest in itself,
Speaker 5: from coast to coast to coast, from the sourcing of
Speaker 5: our critical minerals all the way to assembly, from the
Speaker 5: leadership of indigenous communities to the innovation in our cities.
Speaker 5: We are moving forward as one Canada, strong, united and
Speaker 5: resolutely focused on the future.
Speaker 4: Merku messiku minis utchen.
Speaker 9: Does the Brian minister know that you're a Montreal Canadiens fan.
Speaker 9: I like the oilers too, Okay, knife, this is not technologation.
Speaker 3: I know Exploer at the cl Camo is Kerla mimaurtous.
Speaker 10: Good afternoon everyone. Well, my first line here says welcome
Speaker 10: to Nanoxploer. Well, we couldn't get you there, but I'm
Speaker 10: very glad to bring nano Explore here to you. Uh,
Speaker 10: mister minister, Our founder and CEO, Sarution Nazapur, came to
Speaker 10: Canada fifteen years ago. He started this company when he
Speaker 10: was just twenty six years old, an immigrant scientist with
Speaker 10: no capital, no network, and no friends. All he had
Speaker 10: was a small line of credit from RBC, which he
Speaker 10: used very wisely. Today, just fourteen years later, nano Explorer
Speaker 10: has grown into a global company of four hundred employees
Speaker 10: and one hundred thirty million dollars in revenue. If that
Speaker 10: isn't the Canadian dream come true, I don't know why is.
Speaker 10: Our founder has built this company with the same resilience
Speaker 10: that defines Canada itself, strong enough to whether the storms
Speaker 10: of a global pandemic and a recent turbulence in US
Speaker 10: Canada trade. Of course, none of this would have been
Speaker 10: possible without the hard work and sacrifice of our people
Speaker 10: and the continued support of governments at all levels, especially
Speaker 10: the federal government, the Government of Quebec and our local
Speaker 10: innovation hubs such as Prima Quebec. The federal government has
Speaker 10: been and continues to be a vital partner for Canadian innovation,
Speaker 10: a true enabler of growth and prosperity. Today that role
Speaker 10: is more important than ever because if you fail to
Speaker 10: invest in our innovation ecosystem. To borrow the words of
Speaker 10: a great Canadian critic, nor Strow Pride, Canada would disappear
Speaker 10: overnight from modern history and become what it was at first,
Speaker 10: a blank area of natural resources to be exploited by
Speaker 10: more advanced cultures. That's a bit dark, but that's my
Speaker 10: point across today and now to explore our Peris ten
Speaker 10: manufacturing plant stretching from Flow Saint Laurent to the Lake
Speaker 10: Ontario and the prairies of Winnipeg. We actually have a
Speaker 10: plant in Gimbli, Manitoba, Pierre in Montreal. We produce high
Speaker 10: performance battery cells for high power electronics and national defense,
Speaker 10: and they stand at the forefront of advanced materials and
Speaker 10: battery cell technology. We are proud to carry the Canadian
Speaker 10: story forward innovaiting here at home, competing in the world
Speaker 10: and proving that Canada can lead.
Speaker 3: Thank you, President, the Nova Nicks Battery Technology solution al
Speaker 3: Laurisi should be.
Speaker 11: School.
Speaker 12: Good afternoon, everyone, and thank you for having me here
Speaker 12: on behalf of NAVONYX. I am honored to join you
Speaker 12: here in Montreal today, all the way from Nova Scotia.
Speaker 12: To recognize this important milestone for US our receipt of
Speaker 12: five million dollars in funding from Natural Resources Canada. This
Speaker 12: support will accelerate our work to bring next generation lithium
Speaker 12: ion battery materials and technologies to market and strengthen Canada's
Speaker 12: role in the global battery supply chain. At Navonics, our
Speaker 12: mission is to enable a cleaner energy future by developing innovative,
Speaker 12: sustainable solutions for the lithium ion battery industry. From our
Speaker 12: battery testing systems used by leading manufacturers around the globe,
Speaker 12: to our production of high performance synthetic graphite and ode
Speaker 12: material and now to our pioneering cathode technology, Nevonics is
Speaker 12: shaping the way batteries are made and used. The focus
Speaker 12: of today's announcement is our patented all dry, precursor free
Speaker 12: cathode synthesis process, traditionally making cathode active materials relies on
Speaker 12: energy intensive, wet processes that use large amounts of water
Speaker 12: and harmful substances. Our process eliminates those steps entirely, cutting
Speaker 12: energy use, removing chemical waste, reducing capital costs, and dramatically
Speaker 12: lowering emissions. In short, it represents a cleaner, more efficient,
Speaker 12: and more sustainable pathway to producing one of the most
Speaker 12: critical components of a battery. With the support of Natural
Speaker 12: Resources Canada, we will advance as technology from pilot scale
Speaker 12: to commercial readiness, optimize its performance with different critical minerals,
Speaker 12: and validate it in full scale battery cells. This is
Speaker 12: a crucial step towards building a resilient and environmentally responsible
Speaker 12: battery ecosystem here in Canada. The demand for batteries, as
Speaker 12: everyone here knows, is rising rapidly as electric vehicles, renewable
Speaker 12: energy storage, and cleaner technologies take center stage. Navonix is
Speaker 12: proud to be contributing solutions that not only meet the demand,
Speaker 12: but also ensure that the way we build those batteries
Speaker 12: aligns with our climate and sustainability goals. I want to
Speaker 12: thank Natural Resources Canada for their confidence in our team
Speaker 12: and our technology. Together we are advancing Canadian innovation and
Speaker 12: supporting the global transition to cleaner energy.
Speaker 2: Thank you, Letsi Boku, thank you.
Speaker 9: Very much, Lourie, and thank you for joining us today.
Speaker 9: It's much appreciated making the trip.
Speaker 3: By the way, there's going to be a chemical chemistry
Speaker 3: exam given by Louri after the announcement today, and I
Speaker 3: hope to ace it. Men gem to the bell now
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Speaker 11: Missis Hutchin.
Speaker 17: So we're now opening the floor. Two questions from media.
Speaker 11: We asked that reporter's line up to the mic, and
Speaker 11: in the interest of time, we would ask that each
Speaker 11: reporter asked one question and one follow up at most.
Speaker 11: Please state your name and out late at the start
Speaker 11: of your questions. We for for French questions you can
Speaker 11: address to mister Gay and English questions to Minister Hutchin.
Speaker 18: Thank you can get for Radio Canada. It's for the minister.
Speaker 18: So the the mister Cronie is going to Washington on Tuesday.
Speaker 18: Do you expect any progress on the sectarial tariff.
Speaker 5: I think that's a that's a question for him. We
Speaker 5: are we have been related lessly focused on making sure
Speaker 5: we get the best deal we can for Canada. As
Speaker 5: I think all of you know today, we have the
Speaker 5: best deal of any country in the world. We are
Speaker 5: doing everything we can to protect where that deal is working.
Speaker 5: We are working on the individual sectors where the Americans
Speaker 5: have put unfair and unjust tariffs.
Speaker 4: We're well aware of what's.
Speaker 5: Going on here in Quebec with aluminum, with copper, with
Speaker 5: forest products, and we will do everything we can to
Speaker 5: manage those. We're also setting ourselves up, obviously for the
Speaker 5: next stage of negotiations.
Speaker 19: Of the.
Speaker 4: Renewal of KUSMA.
Speaker 5: It's something the Prime Minister is relentlessly focused on with
Speaker 5: Minister LeBlanc and I'm highly confident and we will advance
Speaker 5: things in the best way for Canada.
Speaker 18: Okay, thank you. And regarding the soft wood lumber sector,
Speaker 18: are you considering any financial help for the sector because
Speaker 18: it has been really hit by the tariff impost.
Speaker 2: By the US specifically for this sector.
Speaker 5: Please yes, So we've already announced a one point two
Speaker 5: billion dollar program for the sector. It involves accelerated access
Speaker 5: to employment benefits for affected workers, it involves a major
Speaker 5: retraining program for people who are affected, and there is
Speaker 5: a large pool of capital to help affected operators retool
Speaker 5: their businesses to become less reliant on the US market.
Speaker 5: The total of those supports total one point two billion dollars.
Speaker 20: Thank you, Hi, mister Hodgson Turias read Global News. Your
Speaker 20: government has highlighted projects of national significance that are not
Speaker 20: fully formed, like an Arctic security corridor and a critical
Speaker 20: mineral strategy. So what additional information is needed to get
Speaker 20: the oil pipeline that Alberta Premier Danielle Smith proposed onto
Speaker 20: that list? And is the federal government considering repealing the
Speaker 20: Northern BC tankervan.
Speaker 5: So what we've said is that if Alberta wants to
Speaker 5: be a proponent, they want to put they want to
Speaker 5: put the money forward to work as a proponent for
Speaker 5: a pipeline.
Speaker 4: That's their right to do so.
Speaker 5: They have said it will take them till the spring
Speaker 5: of next year before they have done enough work to
Speaker 5: come to us. They need to meet the five criteria
Speaker 5: we've laid out. They don't think they're ready to do
Speaker 5: that until next spring when they bring it forward. Like
Speaker 5: every other project, at that point, will take a look
Speaker 5: at what they're where they are, and we'll.
Speaker 4: Evaluate it at that time.
Speaker 5: And on the tanker Van, it's a hypothetical question right
Speaker 5: now because there is no project before us.
Speaker 20: And on another subject, on the Lithium America's deal, the
Speaker 20: US Department of Energy had announced an agreement with the
Speaker 20: Vancouver based company this week, with the Trump administration getting
Speaker 20: a five percent stake in the Canadian company. So does
Speaker 20: the federal government have any national security concerns about foreign
Speaker 20: governments having stakes in Canadian companies in strategic sectors.
Speaker 5: Like critical minerals, so that the mind that they're invested
Speaker 5: in is a mine that's in the United States.
Speaker 4: As there are foreign review.
Speaker 5: If there's a control situation happening, there's no control situation here.
Speaker 5: A five percent stake isn't something from a friendly government.
Speaker 5: Isn't something that we're worried about.
Speaker 14: Hi, Miriam Lafotin from the Canadian Press, Yes, do you
Speaker 14: think marin vests proposed luquefied natural gas project in Quebec
Speaker 14: has the potential to allow Canada to export large volumes
Speaker 14: of liquefied natural gas to Europe.
Speaker 5: So I understand that's a project that was looked at
Speaker 5: in the past. They have not come to us, and
Speaker 5: they certainly have not talked to me. If they came
Speaker 5: to me, the first thing I would do is ask
Speaker 5: Quebec how Quebec is looking at that project. What I
Speaker 5: can tell you is our allies around the world are
Speaker 5: very interested in our natural resources. Being over in Germany
Speaker 5: a couple of weeks ago, they could not have been clearer.
Speaker 5: They are looking for our natural resources if we're prepared
Speaker 5: to offer them to them. If that's going to come
Speaker 5: through Quebec, that requires the support of the Quebec the jurisdiction,
Speaker 5: Quebec government and the support of first affected first nations.
Speaker 5: So if and when Marior invest wants to re engage that,
Speaker 5: they are welcome to do it. They will be evaluated
Speaker 5: like any other project. They'll need the support of the
Speaker 5: local jurisdiction and the support of the affected first nations.
Speaker 14: Thank you, this is a question from my colleague. I
Speaker 14: understood that your office and your Department had met with
Speaker 14: lobbyists from Marior invest Energy Canada when the company has
Speaker 14: no employees in Quebec and hasn't proposed a project yet.
Speaker 14: Can you say why.
Speaker 5: I am sure they may have met with somebody in
Speaker 5: the part. They certainly didn't meet with me. We will
Speaker 5: listen to anyone who has a potential idea. My sense
Speaker 5: is this is not a price project that is at
Speaker 5: a scale where we need to be looking at. It's
Speaker 5: certainly not a project of national interest at this point.
Speaker 6: Hi again, mister Hodgson, this is Leo Schurtzer from the
Speaker 6: Mental Gazette. For these battery plant investments. Is the government
Speaker 6: taking steps to avoid repeating the failure of the Northfold project?
Speaker 6: I know that was more the provincial government's jurisdiction, but yeah.
Speaker 5: We didn't invest in that, and I'm not going to
Speaker 5: comment on investments that the Quebec government made. Look what
Speaker 5: I will say is in Canada we need to celebrate entrepreneurs.
Speaker 5: We need to celebrate people who are trying to do
Speaker 5: new things and bringing new jobs.
Speaker 4: These people here are.
Speaker 5: Bootstrapping businesses. We heard the story of somebody who came
Speaker 5: here with nothing in their pocket. Probably mortgaged whatever they had.
Speaker 5: Sometimes those things fail. That's part of business. I mean,
Speaker 5: I'm a business person, but that's part of business. When
Speaker 5: somebody fails. We shouldn't look down on the We should
Speaker 5: say good for you for trying. Let's help you get
Speaker 5: back up and get on again, and this time you're
Speaker 5: going to be a success. And so look, the tone
Speaker 5: of the question was there's something wrong with investing in
Speaker 5: a company. Some companies aren't going to make it. We
Speaker 5: need to support our entrepreneurial spirit. We need to support
Speaker 5: new ventures. That's what creates the businesses of the future.
Speaker 5: Every one of the people in this room are going
Speaker 5: to get there because we step up and help them.
Speaker 4: And I know the federal government will keep doing that.
Speaker 5: I won't speak for the Quebec government, but I hope
Speaker 5: they keep doing it as well.
Speaker 6: Yeah, of course, the electricity or electric projects are new
Speaker 6: territory and it will be bumps in the road. But
Speaker 6: even thinking of like the line electric bus recall with
Speaker 6: one of the buses bursting flames, just with with electricity
Speaker 6: projects there there there seems to be more steps that
Speaker 6: need to be taken to kind of mitigate some of
Speaker 6: these Some of these bumps. I guess I'm wondering if
Speaker 6: there's any concrete plans or any changes to to past
Speaker 6: electricity project investments, or any sort of extra oversight that
Speaker 6: can be taken.
Speaker 5: Again that that was not an investment, that that are
Speaker 5: I'm not going to critique other people's investments. What I'm
Speaker 5: going to say is, uh, when you invest in new
Speaker 5: businesses and new products, we have approval processes, we have
Speaker 5: safety regimes.
Speaker 4: We will put them through them.
Speaker 5: From a federal government perspective, as are are entrepreneurial.
Speaker 4: Leaders over here are who are basically.
Speaker 5: Going out creating companies, creating jobs for engineers, creating good
Speaker 5: paying jobs, and creating new technologies.
Speaker 4: There will be challenges with products.
Speaker 5: They will get feedback from regulators, they will adjust their products,
Speaker 5: they will make them better.
Speaker 4: We should celebrate that.
Speaker 21: Thanks so much.
Speaker 3: Hello, Matthew Bokou, Thank you very much, everyone, Jure Sweating, Bencoirie.
Speaker 3: I know it's entrepreneurs.
Speaker 9: Let's go.
Speaker 22: I guess, good afternoon. I'm so excited, I can't even
Speaker 22: get the time of day right. It's a great day, indeed,
Speaker 22: and thank you for joining us today for this incredibly
Speaker 22: historic occasion. I'm Brian Jean, the Minister of Energy and
Speaker 22: Minerals and proud MLA of Fort mc murray Laclabish, and
Speaker 22: today I'm joined as you can see, by the Premier
Speaker 22: of the Great Province of Alberta, Daniel Smith, raj And Sani,
Speaker 22: Minister of Indigenous Relations, and Alex Pourbet, co chair of
Speaker 22: the Technical Advisory Group. My friends, I am very excited
Speaker 22: because today we have some of the top men and
Speaker 22: women in the room today that built this province through
Speaker 22: oil and gas, and as you know, oil and gas
Speaker 22: built much of this province and much of Western Canada.
Speaker 22: We are in Alberta very excited about what we're going
Speaker 22: to do, and while we continue to diversify our products,
Speaker 22: our resources and our markets, it will oil and gas
Speaker 22: remain our future for the next generation. At the very
Speaker 22: lea Our government and I think most Elberton's understand that reality.
Speaker 17: It's not news.
Speaker 22: The challenge has always been about getting our message heard
Speaker 22: in Ottawa and some of the other provinces and making
Speaker 22: sure they understand just how vital oil is to our
Speaker 22: and Canadian prosperity. I'd like to turn the podium over
Speaker 22: to our Premier, who will tell us just how we're
Speaker 22: preparing to show Canadians from coast to coast to coast
Speaker 22: our commitment to turning this great country into an energy
Speaker 22: superpower and helping generations of Canadians have a better quality
Speaker 22: of life.
Speaker 4: Thank you.
Speaker 19: Well, Thank you so much, minister, and thank you for
Speaker 19: the incredible work you've done on getting us to this point.
Speaker 19: I understand we have over one hundred leaders from the
Speaker 19: energy sector in the room with us today and it
Speaker 19: is indeed an exciting announcement and I know you've done
Speaker 19: an incredible work on it. Very pleased to be here
Speaker 19: not only with our Minister of Energy, Brian Jean, but
Speaker 19: also our Minister of Indigenous Relations roj Andsani, who has
Speaker 19: been making tons of phone calls in the last couple
Speaker 19: of days and ensuring that everyone knew what who might
Speaker 19: be impacted by this, what our intentions were, as well
Speaker 19: as Alex poor By, executive chair of Sonova's Energy in,
Speaker 19: one of our leading companies in the oil sands operations
Speaker 19: in Alberta. We also have representatives from the energy sector,
Speaker 19: pipeline companies and indigenous communities and we've come together here
Speaker 19: today because Canada stands at a critical crossroads Beneath our
Speaker 19: feet here in Alberta, we stand on oil reserves valued
Speaker 19: at over nine trillion dollars. This resource wealth presents Canada
Speaker 19: and Canadians with boundless opportunities. This wealth would equate to
Speaker 19: hundreds of billions of dollars in government revenue. It could
Speaker 19: be used to support core social programs like healthcare and education,
Speaker 19: bolster Canada's national security commitments under NATO, and unlock economic
Speaker 19: prosperity for indigenous peoples.
Speaker 2: Not only would it allow for governments at.
Speaker 19: All levels across the country to fund social programs, it
Speaker 19: would generate job creation and well for Canadians and Albertans
Speaker 19: on a scale rarely.
Speaker 2: Seen in recent decades.
Speaker 19: This type of transformational wealth cannot be kept in the ground,
Speaker 19: and Canadians agree. Over the past six months, it has
Speaker 19: become clear that Canadians nationwide see the tremendous opportunity that
Speaker 19: we have to unleash the economic potential of our energy sector.
Speaker 19: In fact, recent polling has shown that three quarters of
Speaker 19: Canadians support building a new oil pipeline. Additionally, the global
Speaker 19: demand for oil is increasing and the world wants more
Speaker 19: Canadian oil and gas. We've heard this from Asia in Japan,
Speaker 19: South Korea, Malaysia, and Indonesia, to name a few. We've
Speaker 19: heard this from Europe and we know that we need
Speaker 19: to deliver on global energy security efforts. There are billions
Speaker 19: of people around the world living in energy poverty who
Speaker 19: demand a higher standard of living. This is not just
Speaker 19: a question of Alberta's energy. It is a global moral imperative.
Speaker 19: What stands before us right now is a once in
Speaker 19: a generation opportunity to unlock our wealth of resources and
Speaker 19: become a world leading energy superpower, creating lasting prosperity for
Speaker 19: generations to come. But to realize this potential, the federal
Speaker 19: government must make meaningful and substantive reforms to Canada's regulatory
Speaker 19: environment to revive investor certainty. The simple fact is that
Speaker 19: you will not see companies sink billions of dollars into
Speaker 19: new major projects unless the federal government overturns or overhauls
Speaker 19: is Trudeau era anti resource development policies.
Speaker 2: And that includes the oil and gas the oil.
Speaker 19: And Gas emissions cap, which we know as a production
Speaker 19: cap Bill C.
Speaker 2: Sixty nine, the.
Speaker 19: No More Pipelines Law, and the tanker ben which have
Speaker 19: made investment in new oil and gas projects extremely difficult,
Speaker 19: and this is what we've heard from industry and potential investors.
Speaker 19: They will not invest in a new pipeline with these
Speaker 19: bad laws and regulations in place. You can't build pipeline
Speaker 19: to the northwest coast and still have a tanker van.
Speaker 19: You cannot have an emissions cap that is so aggressive
Speaker 19: that companies would have to shut in operations in order
Speaker 19: to achieve it. And you can't have enthusiasm to export
Speaker 19: natural gas and win the AI data war and then
Speaker 19: have punitive policies against using natural gas on Alberta's electricity grid.
Speaker 19: Now I've made this case abundantly clear to the Prime Minister,
Speaker 19: and what I can tell you is this that I
Speaker 19: am more optimistic now than I have ever been over
Speaker 19: that the concerns of Elberton's are finally being heard. While
Speaker 19: we still have details to work out, I do look
Speaker 19: forward to reach an agreement that will profoundly benefit Alberta
Speaker 19: and Canada's economies. Major investment is what grows our economy,
Speaker 19: creates jobs, prosperity, and enhances our standard of living. And
Speaker 19: without question, a new oil pipeline to the northwest BC
Speaker 19: coast would have the greatest economic benefit of any new
Speaker 19: nation building project. For example, had we completed the Northern
Speaker 19: Gateway Project, the Energy East Project and EasTone Excel Pipeline Project,
Speaker 19: Canada's GDP today would be fifty five billion dollars stronger
Speaker 19: each and every year. We cannot let another opportunity of
Speaker 19: this economic magnitude pass us by again, and that's why
Speaker 19: we are announcing that the Government of Alberta will be
Speaker 19: the proponent of an oil pipeline to the northwest PC coast,
Speaker 19: with the support and technical advice of three major pipeline companies,
Speaker 19: including South bom and Bridge and Trans Mountain. Our government
Speaker 19: will make a formal application to the Federal Project Office
Speaker 19: under the Building Canada Act. Today we are beginning the
Speaker 19: engagement process with indigenous groups across Alberta and British Columbia
Speaker 19: to ensure that they can be part of this nation
Speaker 19: building effort. That conversation must begin with indigenous engagement not
Speaker 19: as a checkbox, but as a foundation for relationship building,
Speaker 19: trust and shared leadership. This will lay the ground work
Speaker 19: for full and thorough consultation as this project meets regulatory milestones.
Speaker 19: To be clear, though, this is about more than just
Speaker 19: fulfilling a legal duty to consult It's about working together
Speaker 19: from the beginning to ensure that we get it right,
Speaker 19: this time informed by Indigenous perspectives and experiences. We also
Speaker 19: want to have Indigenous partners at the table as owners,
Speaker 19: to participate not only as holders of territory, but as
Speaker 19: co owners of a project and an asset that will
Speaker 19: provide wealth for First Nations for generations. Our Indigenous Relations team,
Speaker 19: led by Minister Rogensoni, will develop and lead an engagement
Speaker 19: plan in collaboration with First Nations across both provinces. You'll
Speaker 19: hear more details about this from the Minister shortly. And
Speaker 19: to get this nation building pipeline project underway, Alberta's government
Speaker 19: is committing fourteen million dollars to the technical design and
Speaker 19: detailed application design. To be clear, Alberta taxpayers will not
Speaker 19: be on the hook to build this pipeline, but this
Speaker 19: initial investment is crucial to get this important work underway
Speaker 19: and we cannot let billions in investment in future revenues
Speaker 19: continue to flee our nation. We have worked closely with
Speaker 19: our pipeline companies to chart a path forward so that
Speaker 19: we can provide a detailed plan to be approved by
Speaker 19: the federal government. This work will be guided by an
Speaker 19: expert advisory committee with a dedicated full time project management
Speaker 19: team that includes the top pipeline experts in North America.
Speaker 19: And it is my hope, with Alberta as the proponent,
Speaker 19: that we will see this pipeline project on the next
Speaker 19: list of nation building projects announced by the federal government
Speaker 19: come great up in November. With today's announcement, Alberta is
Speaker 19: prepared to answer the call to support global energy security
Speaker 19: efforts while creating lasting prosperity for Alberton's and Canadians for
Speaker 19: generations to come.
Speaker 2: Thank you, and I'll turn it over to the minister.
Speaker 22: So Calgary, are you excited? I said, are you excited?
Speaker 22: We've waited a long time for this. I'd like to
Speaker 22: turn it over to Minister Sawning now for a few words.
Speaker 7: Thank you, Thank you very much, Minister Gene and thank
Speaker 7: you Premier Smith, and thank you to all of you
Speaker 7: for being here today. It means a lot to us.
Speaker 7: Today's announcement is about more than a planning initiative. It's
Speaker 7: a chance to reimagine how we build partnerships, not just pipelines.
Speaker 7: We know that prosperity depends on partnership and partnerships begin
Speaker 7: with trust. Alberta's government is committed to a principled approach
Speaker 7: to Indigenous engagement, one that starts early, listens deeply, and
Speaker 7: puts communities at the center of decision making. Indigenous communities
Speaker 7: are not just partners, they're rights holders, leaders, and knowledge keepers.
Speaker 7: Their voices must shape the path forward projects like the theater,
Speaker 7: LNG and so Lisiam's and show us what's possible when
Speaker 7: Indigenous communities lead. It's not just about inclusion, it's also
Speaker 7: about ownership. That's why we're engaging Indigenous communities in Alberta
Speaker 7: and BC from day one, starting at the very beginning
Speaker 7: of project design.
Speaker 2: We've learned from.
Speaker 7: Past mistakes and we want b C first nations to
Speaker 7: know that we've heard you loud and clear. We're committed
Speaker 7: to getting this right. Over the past few days, Minister
Speaker 7: Gene and I have spoken directly with leaders from nations
Speaker 7: in both provinces, and over the coming weeks and months,
Speaker 7: our ministries and the project advisory team will be reaching
Speaker 7: out to all nations along the potential routes. That includes
Speaker 7: engaging communities upstream, midstream, and downstream from any potential site
Speaker 7: or route. We're engaging on everything from roots specifics and
Speaker 7: environmental protections to opportunities for Indigenous ownership, equity stakes, and
Speaker 7: long term prosperity. This is about more than infrastructure. It's
Speaker 7: about economic reconciliation and building lasting prosperity. Together, nothing is
Speaker 7: locked in. We are here to listen, share information transparently,
Speaker 7: and ensure Indigenous voices shape decisions that affect their lands,
Speaker 7: their livelihoods, and their futures. This initiative lays a foundation
Speaker 7: for trust, for opportunity and shared leadership values that will
Speaker 7: shape the future of energy development in Canada. Together, together
Speaker 7: we can build something meaningful. Thank you once again for
Speaker 7: being here today. I'll hand it back to Minister Gene.
Speaker 22: Thank you, Minister Sauni, and thank you especially for your leadership. Premiere,
Speaker 22: She's just an amazing Premier and I have to say it.
Speaker 17: Next, i'd like to talk.
Speaker 22: I'd like to introduce and call on the co chair
Speaker 22: of the Advisory Groups, Alex Burbe.
Speaker 17: Alex, please come on up.
Speaker 23: Thanks thanks very much, minister, and I wanted to start
Speaker 23: off first by thanking the Premier for the opportunity to
Speaker 23: serve Alberta and this industry that has been so good
Speaker 23: to me and the country. I also want to thank
Speaker 23: the Premier for the courage to step up and try
Speaker 23: to break the logjam that has stood in the way
Speaker 23: of pipelines and greater industry development in general. As a
Speaker 23: representative of the energy industry, I can tell you that
Speaker 23: the industry believes that under the right conditions, Canada really
Speaker 23: can become an energy superpower, something that will benefit Canada
Speaker 23: and all Canadians. Recently, over ninety energy executives joined in
Speaker 23: signing a letter to the Prime Minister asking him to
Speaker 23: move faster in making the regulatory and policy changes that
Speaker 23: can make Canada a country where big projects can once
Speaker 23: again be built and a country that can attract the
Speaker 23: global capital to build projects of national significance. In the
Speaker 23: last few decades, pipelines have lost billions of dollars in
Speaker 23: investment in pipelines that could not get the regulatory or
Speaker 23: political gatekeepers to reach final investment decisions. When people started
Speaker 23: talking this year about how a pipeline to the West
Speaker 23: Coast could be a project that should be in Canada's
Speaker 23: national interest, I immediately saw the challenge. After the experience
Speaker 23: of the past decades of years of wasted effort and
Speaker 23: billions of dollars in wasted development costs. No pipeline executives
Speaker 23: would go to his or her board of directors and
Speaker 23: ask for development money to build a pipeline. In Canada,
Speaker 23: Industry told the Prime Minister and the federal government exactly
Speaker 23: that the response from the federal government has been clear.
Speaker 23: They would only consider changes when asked by a proponent.
Speaker 23: No one from industry would be a proponent without the
Speaker 23: changes first. The premiers call this a chicken and egg problem,
Speaker 23: and it is a problem she has decided to take on.
Speaker 23: Alberta will be the proponent to get this project designated
Speaker 23: and to get important regulatory changes made. Alberta will step
Speaker 23: up with a small early investment to break the logjam.
Speaker 17: The federal government will.
Speaker 23: Then have to deliver. It will have to deliver in
Speaker 23: the right regulatory environment. This project makes sense to industry
Speaker 23: and will be investable. The collective team that will assist
Speaker 23: in advising and supporting the government has hundreds of years
Speaker 23: of experience in all aspects of pipeline projects, from indigenous
Speaker 23: outreach and partnering experience to environmental expertise and science and
Speaker 23: engineering of major pipeline projects. Our role will be to
Speaker 23: help advise the government on how to develop the safest
Speaker 23: pipeline ever built with the maximum levels of support from
Speaker 23: Canadians and las local communities. I'm very happy to join
Speaker 23: the Premier and the technical advisory team to get these
Speaker 23: changes and to get this project through.
Speaker 17: Thanks very much.
Speaker 4: Well.
Speaker 22: I can see the excitement in the room, and I
Speaker 22: think a lot of Elberton's and Western Canadians and Canadians
Speaker 22: are very.
Speaker 17: Excited about the prospects we have in front of us.
Speaker 4: I'm going to with that.
Speaker 22: That concludes our formal program. I'm going to turn it
Speaker 22: over to Sam now to handle the news conference and
Speaker 22: the questions.
Speaker 17: Thank you, thank you. We'll now head into our media
Speaker 17: Q and a section for media here in the room
Speaker 17: with the media mic is just to the left of
Speaker 17: the cameras. There. We'll be taking one question, one follow up.
Speaker 17: Remember to please state your name and outlet before your question.
Speaker 17: We'll start off here in the room before making our
Speaker 17: way to the phones. Go ahead, first at the mic.
Speaker 24: Thanks, It's Tim with CTV for the premieer. Please, I'm
Speaker 24: way back here. Lot of big heads in the camera
Speaker 24: kids said it not me to me, this seems a
Speaker 24: little bit risky if you don't have some sort of
Speaker 24: promise from Ottawa that these nine laws are going to
Speaker 24: be repealed.
Speaker 2: So do you know something we don't know.
Speaker 19: Well, we've limited our risk because we've allocated fourteen million
Speaker 19: dollars to get it through the first couple of stages.
Speaker 2: Of technical design.
Speaker 19: I just have confidence that if we fix the investment
Speaker 19: climate and get an agreement with the federal government to
Speaker 19: move forward on this on the major projects list, that
Speaker 19: proponents will step up and it will be built with
Speaker 19: private sector money. I've said all along that the only
Speaker 19: way to build a pipeline is with taxpayer dollars. Then
Speaker 19: this will have been a failed exercise. We actually have
Speaker 19: to create an investment climate so the private sector feels
Speaker 19: some confidence in investing in these kinds of projects. Again,
Speaker 19: it needed to be kickstarted because if we won't see
Speaker 19: a proponent until we have the laws fixed, and so
Speaker 19: we're prepared to be the proponent to get it to the.
Speaker 24: Point perfect and then obviously there's going to be a
Speaker 24: little bit of pushback here. We already have the premier
Speaker 24: to the west of us calling this not realistic, essentially
Speaker 24: a distraction. So how do you plan to deal with
Speaker 24: some of the opponents to this project, whether it's the
Speaker 24: Premier next door, whether it's some of these indigenous groups,
Speaker 24: whether it's just an activist who don't want a pipeline.
Speaker 19: Well, I would say this that, you know, if we
Speaker 19: had been able to redraw the map at the founding
Speaker 19: of Alberta, maybe we would have drawn it with a
Speaker 19: little bit of British.
Speaker 2: Columbia so that we had a port.
Speaker 19: Maybe Port of Prince Rupert would have been part of
Speaker 19: Alberta as opposed to a part of British Columbia. But
Speaker 19: we didn't have the luxury of doing that. Instead, to
Speaker 19: make sure that we were a country, we build the
Speaker 19: Trans Canada Railroad, we built a Trans Canada Highway. We've
Speaker 19: partnered with British Columbia to ensure that their natural gas
Speaker 19: can make it through Alberta through a pipeline to get
Speaker 19: to the US market. And we've wanted to make sure
Speaker 19: that all of the goods that come into British Columbia
Speaker 19: into their ports have free entry and free access through Alberta.
Speaker 19: That's the deal that we have. I think that coastal
Speaker 19: provinces have a special obligation to be generous in making
Speaker 19: sure that we're creating access to ports for all of
Speaker 19: our products. I know that Alberta shares that view. I
Speaker 19: have not publicly opposed any project that has been proposed
Speaker 19: by any of my primarial counterparts. I'm very supportive of
Speaker 19: any of their aspirations, and we're going to make sure
Speaker 19: that we can find areas of common ground. I would
Speaker 19: say about this project in particular, it was approved, it
Speaker 19: was going to go ahead, and yet a political decision
Speaker 19: canceled it. So this was a shovel ready project some
Speaker 19: ten years ago, and now it's a matter of seeing
Speaker 19: with the technical changes, with some of the advancement technology,
Speaker 19: with some of the things that we know about building
Speaker 19: to the coast, with some of the new expectations about
Speaker 19: indigenous equity ownership. Now we're going to see if we
Speaker 19: can revitalize that and maybe have a shortcut because it
Speaker 19: was ready to go just a short time ago. So
Speaker 19: I will continue, as I said, to work to build
Speaker 19: the coalition of partner who are going to be on
Speaker 19: board with this. But this is a Canada project, and
Speaker 19: this is a This is a test of whether Canada
Speaker 19: works is a country, because if we can't build with
Speaker 19: a collaboration of the federal government and between provinces. If
Speaker 19: it's everybody gets to get their products going to market
Speaker 19: except Alberta. That's not a country. A country as well
Speaker 19: where we support each other. And I think Canadians are
Speaker 19: there and I hope that we can get more and
Speaker 19: more politicians to get there too.
Speaker 17: Thanks thanks to him, and we'll go to our next point.
Speaker 6: Hi, Lauren Krugel, Canadian Press.
Speaker 25: Following up on that, could you talk a little bit
Speaker 25: about what kind of conversations event you've had with Premier
Speaker 25: eb recently leading up to this. Has he been given
Speaker 25: the heads up that this was coming, and how confident
Speaker 25: are you that you know it's possible to persuade him
Speaker 25: that this is in Canada's interest.
Speaker 19: I did give him a courtesy call on Monday to
Speaker 19: let him know that this was coming, and I saw
Speaker 19: his initial reaction.
Speaker 2: And obviously we have some work to do.
Speaker 19: I mean, I understand the priorities that he has on
Speaker 19: some of the projects that have come forward, and as I.
Speaker 2: Said, we're very supportive. We're very supportive of.
Speaker 19: An optimization of the Trans Mountain pipeline that might add
Speaker 19: another two hundred and seventy five thousand barrels a day.
Speaker 19: We think that's a great project. We're very supportive of
Speaker 19: all of the natural gas development Energy Canada too, which
Speaker 19: is on the list, as well as lism's and others
Speaker 19: that have been indicated that might get there. We think
Speaker 19: that that is going to be good for not only
Speaker 19: British Columbia, but also for us. We're also very supportive
Speaker 19: of talking about ways in which we can build inentertise
Speaker 19: so that we can assist BC in times where they
Speaker 19: have drought in being able to provide a secure energy
Speaker 19: backup and vice versa. And we have a biodiesel facility
Speaker 19: that is up in operation. Most of that is destined
Speaker 19: for the VC market with their clean fuel standards, and
Speaker 19: we hope to do more of that. So I like
Speaker 19: to build with the other premiers on areas in which
Speaker 19: we agree. We don't always agree on everything all the time,
Speaker 19: but I think we've got a lot of common ground
Speaker 19: to start from, and I think as we continue on
Speaker 19: and build the relationships that we'll be able to.
Speaker 2: I hope, win him over.
Speaker 19: I might want to get my Indigenous relations Minister though,
Speaker 19: to respond to that too, because I know that she's
Speaker 19: been making many many calls to indigenous leaders as well,
Speaker 19: and I think she could probably tell you what kind
Speaker 19: of reaction she's gotten there.
Speaker 7: Yes, thank you, Premier. So like the Premier, I was
Speaker 7: on the phone on Monday calling many Indigenous leaders, both
Speaker 7: in BC and Alberta, and the responses were different from
Speaker 7: what you may have expected about ten years ago, eight
Speaker 7: years ago. There was more support than I had anticipated,
Speaker 7: and of course there are concerns about environmental protections, but
Speaker 7: the fact that we're engaging early and we're being transparent
Speaker 7: and having very respectful conversations certainly helps. This is not consultation.
Speaker 7: We're just talking about the initiative, and I have heard
Speaker 7: from many Indigenous leaders that they're very interested in equity
Speaker 7: ownership and being part part of this energy infrastructure. So
Speaker 7: we're pleased with what we've heard. We know that there's
Speaker 7: a lot of work to do and engagement has to
Speaker 7: be frequent, and it has to be, as I said before,
Speaker 7: transparent and very respectful.
Speaker 25: I had a follow up actually for you, Minister Sonia,
Speaker 25: and fortunate that you're up here. You know, in your
Speaker 25: opening remarks you alluded to, you know, learning from past mistakes,
Speaker 25: So I'm wondering if you could elaborate on what was done,
Speaker 25: say in the Northern Gateway era that you're hoping to
Speaker 25: do differently this time.
Speaker 7: So what we've heard both from industry and Indigenous leaders
Speaker 7: is that Indigenous voices were not central to the process
Speaker 7: as Northern Gateway was being discussed. So we've learned from that.
Speaker 7: We've spoken to indigenous leaders and again in industry as well,
Speaker 7: and they've provided some additional feedback and advice, And the
Speaker 7: key piece of advice was to pick up the phone,
Speaker 7: go to the community, meet people where they're at, and
Speaker 7: tell them what it is that you hope to do,
Speaker 7: and really listen to their concerns and do whatever you
Speaker 7: can to alleviate or mitigate. So those are some of
Speaker 7: the learnings that we're taking with us, and we're certainly
Speaker 7: going to spend a lot more time in the engagement process.
Speaker 17: Thank you. We're going to take two more questions from
Speaker 17: the floor here and then go to the phones.
Speaker 22: I would also like to address some of the technology
Speaker 22: has changed, in particular on pipelines, they can tell when
Speaker 22: Now with some of the technology, they can tell when
Speaker 22: the moose walks across the top of a pipeline. Now
Speaker 22: we have double holed tankers. Some of the strictest laws
Speaker 22: and navigation and marine laws in the world come from Canada.
Speaker 22: So we have an abundance of change on the West
Speaker 22: coast that wasn't there the original time as well, and.
Speaker 17: We've seen the significant change that's made go ahead.
Speaker 26: Hi Premier Megan Pikin's financial posts, I, mister Porbey spoke
Speaker 26: a little bit to this, but can you address this
Speaker 26: aspect of this enterprise, which is why does the Alberta
Speaker 26: government need to be involved at all? Isn't planning a
Speaker 26: pipeline kind of the straightforward part, the part that these
Speaker 26: these did the private sector is really good at. Why
Speaker 26: is the government the one coming.
Speaker 17: Up with this project?
Speaker 2: Well, I'll tell you a couple of things. I mean,
Speaker 2: first of all, let's remember who owns the resource.
Speaker 19: The resource is about eighty five percent owned by the
Speaker 19: people of Alberta and the Government of Alberta represents that
Speaker 19: and we partner with the private sector through lease agreements
Speaker 19: to be able to develop our resource. And so what
Speaker 19: we hear from our partners is that they're not prepared
Speaker 19: to expand production if they can't get rid of these
Speaker 19: nine bad laws, especially themissions, the emissions cap, which is
Speaker 19: really a production cap, and nor can they pledge barrels
Speaker 19: to a pipeline if the tanker ban is still in effect.
Speaker 19: So this is the problem that we find ourselves in,
Speaker 19: is that we as the owner to try to steward
Speaker 19: this resource on the behalf of our people have a
Speaker 19: partner that's not willing to expand because of.
Speaker 2: Bad federal law. So that's one reason.
Speaker 19: The other reason is I had an opportunity on a
Speaker 19: trade mission to be in Mexico and I heard about
Speaker 19: TC Energy success in partnering with.
Speaker 2: The Mexican government.
Speaker 19: They have challenges too down there, but they managed to
Speaker 19: partner with the Mexican government where the Mexican government began
Speaker 19: with the community benefits agreement, the consultation, the permitting process,
Speaker 19: and the company ended up focusing on the technical aspects
Speaker 19: of building a pipeline. They were able to get from
Speaker 19: final investment decision to completion on a seven hundred and
Speaker 19: fifty kilometer pipeline in three years. It was the biggest
Speaker 19: success in their history, and so I think we can
Speaker 19: learn from that. If there is work that needs to
Speaker 19: be done by governments to make sure that we can
Speaker 19: address issues of community benefits and equity partnership ownership sake.
Speaker 2: That is our job. We also have created a new mechanism.
Speaker 2: I'm going to be a third answer.
Speaker 19: We also created a mechanism called the Alberta Indigenous Opportunities Corporation,
Speaker 19: which allows us to provide loan guarantees so that indigenous
Speaker 19: bands can take an equity stake in various projects.
Speaker 2: We've got forty three over the forty.
Speaker 19: Four bands in Alberta that have done so, seven projects
Speaker 19: that will represent one point three billion dollars worth of revenue.
Speaker 19: And so for us to be able to secure indigenous
Speaker 19: ownership equity and underwrite it, we need to be at
Speaker 19: the table. So these are all of the reasons why
Speaker 19: the things are slightly different this time than they were before.
Speaker 19: It would be optimal if a pipeline proponent had a
Speaker 19: clear path to being able to get a project approved
Speaker 19: without the need to partner with government.
Speaker 2: But that's not the world we live in.
Speaker 19: We live in a world where you do need a
Speaker 19: government to demonstrate that they are a partner and are
Speaker 19: going to walk the path with you. And that's what
Speaker 19: we're telling the industry. We're going to do this, We're
Speaker 19: going to get it on the major project list, and
Speaker 19: we will be at the table for as long as
Speaker 19: the industry needs us.
Speaker 26: To Thank you, Mike. Follow up is for mister Porbey.
Speaker 26: How did could you speak a little bit to the
Speaker 26: volume of this pipeline?
Speaker 2: How did the one million.
Speaker 26: Barrels per day size?
Speaker 2: How has that arrived at?
Speaker 26: And also what is the producer's perspective on this? You
Speaker 26: spoke about why the pipeline firms aren't necessarily going to
Speaker 26: their board directors with, you know, looking for authorization to proceed.
Speaker 26: As a private proponent leading this charge, what is a
Speaker 26: producer perspective though? Are you are these producers prepared to
Speaker 26: commit barrels?
Speaker 21: You know?
Speaker 23: Those are good questions, Megan, I'll try to hit them.
Speaker 23: I don't know if I'll do it in the exact order,
Speaker 23: but you know, I think it goes without saying. In
Speaker 23: the premiere talked about this a little bit in her comments.
Speaker 23: Alberta has some of the best oil and gas resource
Speaker 23: in the entire world. Depending on who you look at,
Speaker 23: we're third or fourth overall. We have the world's most
Speaker 23: stringent environmental rules, we have the rule of law. We
Speaker 23: are a safe place to invest. This is companies would
Speaker 23: love to invest in growing production in this province. But
Speaker 23: there's a really sad reality right now is that it
Speaker 23: doesn't do my company or any company any good right
Speaker 23: now to materially grow production if we cannot get that
Speaker 23: production to global markets. And that's the problem we find
Speaker 23: ourselves in right now. And if we were able to
Speaker 23: have a regulatory regime that was understandable, transparent, but people
Speaker 23: understood what it would take to get projects permitted, to
Speaker 23: get pipelines permitted and built, I think you would see
Speaker 23: you'd see an incredible renaissance of growth coming out of
Speaker 23: the Alberta oil and gas sector. You know, in terms
Speaker 23: of a million barrels, and you know, maybe the Premier
Speaker 23: the minister might want to talk about that too, but
Speaker 23: I think a million is it's a nice round number.
Speaker 23: I think it is a scale of growth that our
Speaker 23: industry can chin up to over the next decade or so.
Speaker 23: If we have that pipeline, if we're able to permit
Speaker 23: and build that pipeline, I think that's something that the
Speaker 23: Alberta industry could do. We could fill that pipeline over
Speaker 23: a reasonable period of time. It would be a huge
Speaker 23: benefit to the Canadian economy. All the provinces and obviously
Speaker 23: the people of Alberta.
Speaker 17: Thank you, Thanks be. We'll take one more from the
Speaker 17: mike here and then head to the phones. A. Hi,
Speaker 17: this is a question for Alex. It's Chris Parkle from
Speaker 17: the Calgary Herald. Alex.
Speaker 27: In her previous career, you had some involvement in pipelines
Speaker 27: Energy East, Keyston Excel and you know how they obviously
Speaker 27: ended up.
Speaker 17: You can see the scars on my back. So what's
Speaker 17: different this time?
Speaker 27: What makes you think ten years later that you can
Speaker 27: secure federal support to get a project across the finish line.
Speaker 23: You know, I think a lot has changed, and your
Speaker 23: administer Sauny talk about that with respect to Indigenous views
Speaker 23: in many cases, but you know, I think right now
Speaker 23: I'll give you my own personal take. Canada is facing
Speaker 23: great challenges with respect to our economy, affordability, housing, you
Speaker 23: name it. And we have a revenue problem with our
Speaker 23: country and with our government, and the Premier hit this
Speaker 23: in her remarks this is truly a nation building kind
Speaker 23: of a project. A project of this scale would add many,
Speaker 23: many billions of GDP a year to the Canadian economy
Speaker 23: and all the benefits that that would bring in terms
Speaker 23: of incremental tax revenue, employment.
Speaker 27: You know.
Speaker 23: And I think Canadians have also realized that we will
Speaker 23: always have a continuing challenge about balancing environment in the economy.
Speaker 23: But I think what a lot of people have realized
Speaker 23: is that the world right now really needs energy security
Speaker 23: and it needs energy affordability. And I think there was
Speaker 23: a view maybe five, six, seven, eight years ago that
Speaker 23: the oil and gas sector was a sunset industry, that
Speaker 23: all of that energy would be replaced by solar farms,
Speaker 23: wind farms, battery you know, battery, giant batteries, you know.
Speaker 23: I think the experience globally over that time is that
Speaker 23: the countries that have attempted to go down that path
Speaker 23: have had rail problems with affordability, They've had problems with
Speaker 23: reliability of energy, and it has been very challenging for
Speaker 23: those countries. And I think we're at a point now
Speaker 23: where Canadians appreciate that there has to be a balance
Speaker 23: between the environment and energy affordability, energy reliability, and that's
Speaker 23: that's what I think has significantly.
Speaker 27: Changed over that period of time. My follow up is
Speaker 27: for the premiere Premier. The Prime Minister in the past
Speaker 27: has said that he would only consider a pipeline project,
Speaker 27: an oil pipeline project to be included on the list
Speaker 27: if proponents came forward with a project. What indications do
Speaker 27: you have from the Prime Minister that he would consider
Speaker 27: a proposal coming directly from the Government Alberta. And how
Speaker 27: should we interpret the fact that Trans Mountain Corp. Is
Speaker 27: involved in this group of three companies that it is
Speaker 27: going to help consider the development.
Speaker 19: I would say that we've had great conversations with all
Speaker 19: of our pipeline companies, including Mbridge as well, By the
Speaker 19: Way and at the table, I think Alex mentioned that
Speaker 19: we have something in the order of five hundred and
Speaker 19: fifty years of collective pipeline experience in our technical Advisory Committee,
Speaker 19: which says to me that there's a lot of enthusiasm
Speaker 19: on the part of everyone who has expertise in being
Speaker 19: able to build projects of this scale, in helping us
Speaker 19: to move it along. I think Trans Mountain season all
Speaker 19: of the above approach. We've been very supportive of their
Speaker 19: aspirations to expand their production, whether through compression or some
Speaker 19: of the other mechanisms that they're using to judging the
Speaker 19: second narrows. So I think what they see is that
Speaker 19: because we understand that things can be staged, supporting trans Mountain,
Speaker 19: supporting Endbridge's expansion of its mainline. And this is a
Speaker 19: project that if we start today, may be able to
Speaker 19: be commissioned and start up within within five to ten years.
Speaker 19: So I think that it's all a matter of scale,
Speaker 19: but I think it enhances the projects of every pipeline
Speaker 19: company for us to be talking about a project of
Speaker 19: this particular scale. I don't think the Prime Minister will
Speaker 19: be surprised. I've told him that you can't build a
Speaker 19: shiny new pipeline if there's no one willing to put
Speaker 19: the production in it. And to be able to get
Speaker 19: the producers like Sonovas and others to be willing to
Speaker 19: expand production, we've got to address the bad loss, the
Speaker 19: tanker band, the emissions cap, the ban on being able
Speaker 19: to talk about emissions performance, that so called green washing bill,
Speaker 19: among the convoluted process for approvals through C sixty nine,
Speaker 19: all of those things. And so the Prime Minister and
Speaker 19: I we've got teams that are working together and trying
Speaker 19: to work through all of these. I know that the
Speaker 19: Pathways project is also one of the other projects we'd
Speaker 19: like to see on the major project list, So a
Speaker 19: brand new pipeline that would allow twenty billion dollars a
Speaker 19: year of revenue when complete with a project like the
Speaker 19: pathways project, which we hear is about ten to twenty billion.
Speaker 19: It's a lot easier to pay for that when you've
Speaker 19: got a new revenue stream. But to get either of
Speaker 19: those built, we have to fix the underlying investment climate.
Speaker 19: And I think that's the grand bargain we're talking about,
Speaker 19: is all of those things together.
Speaker 21: Thank you.
Speaker 17: We have time for a few more questions. We're going
Speaker 17: to head over to the phones. Operator. Could you put
Speaker 17: through our first caller please.
Speaker 8: Your next question thumps from Alex Blingle of the Toronto Star.
Speaker 8: Your line is already open.
Speaker 28: Hey, thank you very much for the premiery You mentioned
Speaker 28: you've been feeling optimistic about the situation with federal regulations.
Speaker 28: I think you said more than ever. I'm wondering, especially
Speaker 28: on the tanker band, since we're talking about a new
Speaker 28: pipeline to a place where you know, exporting major sizeable
Speaker 28: tankers of oil is currently against the law. Without reassurance
Speaker 28: that that band is going to be listening, that federal
Speaker 28: law is going to be changed, aren't you spending fourteen
Speaker 28: million dollars to plan a pipeline to essentially a dead
Speaker 28: end right now.
Speaker 19: Well, I'm anticipating that they will make either a repeal
Speaker 19: of that legislation or acknowledge that the port that we
Speaker 19: need to export from needs to have some kind of carbot.
Speaker 2: That would be my anticipation.
Speaker 19: We do have Porter Prince Rupert represented in our Technical
Speaker 19: Advisory Committee, and my Minister of Indigenous Relations has visited
Speaker 19: Porter Prince Rupert and talked with at least one of
Speaker 19: the area bands there, so we're we're already beginning the
Speaker 19: work on trying to figure out the technical feasibility of
Speaker 19: that as a potential port. I know Kiddimat was the
Speaker 19: destination of the original pipeline and at the moment there's
Speaker 19: a lot of construction going on on the BC coast,
Speaker 19: so things have also changed a lot in the last
Speaker 19: ten years. So I think it's worth it to have
Speaker 19: the conversation. But the Prime Minister knows I haven't been
Speaker 19: quiet about it. I've let him know that repealing the
Speaker 19: tanker band in whole or in part has got to
Speaker 19: be essential to getting a new.
Speaker 28: Pipeline built, and just on that my understanding from listening
Speaker 28: to the Prime Minister on this question when he was
Speaker 28: announcing the first list of projects. He was talking about
Speaker 28: passways applot and was framing that, you know, the Grand
Speaker 28: Bargain that have been talking go at if they want
Speaker 28: a pipeline in Alberta, they need to do pathways and
Speaker 28: sort of connecting those things. Where are I guess on pathways,
Speaker 28: you mention what you want that to go forward as well?
Speaker 28: Is the problems willing to put up more money or
Speaker 28: help in any way to get that off the ground.
Speaker 28: We have clear the wave for the Grand Partner.
Speaker 2: Yeah, we have.
Speaker 19: We were first to put an investment tax credit in place.
Speaker 19: I know that the that the federal government we're talking
Speaker 19: about it and the time they were talking about it.
Speaker 19: We passed it through our process. So it's a twelve
Speaker 19: percent rebate on capital costs. And we also have just
Speaker 19: made changes to our Tier program. That's our our program
Speaker 19: that generates over a billion dollars a year from our
Speaker 19: carbon pricing on industry. The pipelines, the pathways group of
Speaker 19: companies pay about three or four hundred million into that fund,
Speaker 19: and so we've made changes to Tier that allow them
Speaker 19: to be able to use those dollars to recycle back
Speaker 19: into building out the pathways project. So we've we have
Speaker 19: already the two changes that we needed to make in
Speaker 19: order to put the provincial support on the table. And
Speaker 19: I'm I don't oppose the way that the Prime Minister
Speaker 19: is framing, that is pathways plus going forward with both,
Speaker 19: but both means both. It means also a bitchman pipeline
Speaker 19: as well, so that we have a new source of revenue.
Speaker 17: Thank you, operator. Could you put through our next color please?
Speaker 8: Your next question comes from Robert Tuttle of Bloomberg News.
Speaker 8: The line has already opened.
Speaker 21: Yes, Hi, you said that your confident a real proponent,
Speaker 21: a private proponent would come through once this is sort
Speaker 21: of proposed, and and I guess changes are made to legislation,
Speaker 21: but are you at all prepared to be a proponent
Speaker 21: of final resort if that doesn't happen? I mean, can
Speaker 21: you ensure that that that that Alberta taxpayers won't be
Speaker 21: through Crown Corporation or something.
Speaker 19: I can tell you that I think Alberta will need
Speaker 19: to be at the table all the way through to completion.
Speaker 2: We can't let our pipeline proponents.
Speaker 19: Have to navigate through all the complexities of a regulatory
Speaker 19: process without us being able to walk with them. I
Speaker 19: think that the requirements of indigenous consultation mean that we
Speaker 19: should be at the table. We've developed an expertise now
Speaker 19: over the number intervening number of years with our Alberta
Speaker 19: Indigenous Opportunities Corporation, and so I think that they will
Speaker 19: want us to walk the path and we will provide
Speaker 19: our Alberta Indigenous Opportunities Corporation loan guarantee to ensure that
Speaker 19: there's an equity stake for Indigenous partners. So that's all
Speaker 19: the reasons why we will be at the table. But
Speaker 19: as I said as well, that these are the types
Speaker 19: of projects that should be built by the private sector.
Speaker 19: Nobody has a spare of thirty four billion dollars kicking
Speaker 19: around to be able to build a new pipeline project
Speaker 19: in any level of government, least of all ours or
Speaker 19: the federal government. We absolutely need to restore investor confidence
Speaker 19: that some of those dollars will come back. And you
Speaker 19: have to remember, we calculate there's something like half a
Speaker 19: trillion dollars worth of potential investment dollars that have exited
Speaker 19: our market in the last ten years. Because of these
Speaker 19: bad policies. So I have every confidence that if we
Speaker 19: get this on the major project list, it falls in
Speaker 19: that two year window, we walk with our partners every
Speaker 19: step of the way and get indigenous equity ownership in it.
Speaker 19: I have every confidence that the ultimate construction will be
Speaker 19: done by the private.
Speaker 21: Sector and that will exclude government ownership or provincial ownership.
Speaker 21: Is that correct?
Speaker 19: Well, As I said, we have a loan guarantee mechanism
Speaker 19: that we are prepared to use, and that's part of
Speaker 19: the reason why we'll stay at the table. But if
Speaker 19: you're asking me if I'm prepared to spend thirty four
Speaker 19: billion dollars on a government funded pipeline, the answer is no.
Speaker 19: And I think again it would be a failure of
Speaker 19: the process if that's the only way to get a
Speaker 19: pipeline built in this country. We have to repair the
Speaker 19: process so that we can get private sector dollars back here.
Speaker 17: Thank you, and we just have time for one more
Speaker 17: question today. Operator, could you put through our next color please.
Speaker 8: Your next question comes from Amanda Stephenson of Rulers. Your
Speaker 8: line is already open.
Speaker 16: Hi er, I'm just trying to better understand the timing here,
Speaker 16: Like do you have a sense that if all of
Speaker 16: the contentious federal legislation that is getting in the way
Speaker 16: of pipeline construction at this point was removed, that there
Speaker 16: would be private capital ready to put shovels in the
Speaker 16: ground like tomorrow or is this like a longer term
Speaker 16: thing where the private capital would be you know, this
Speaker 16: might be something that they would be willing to work towards,
Speaker 16: you know, a few years from now as they see
Speaker 16: production from Western Canada rising.
Speaker 19: Well, what I have heard is that there's a number
Speaker 19: of different project proposals that could be staged. I think
Speaker 19: that the Trans Mountain expansion to be able to increase
Speaker 19: two hundred and seventy five thousand barrels per day is
Speaker 19: probably one of the earlier ones that would be done.
Speaker 19: En Bridges their optimization of their mainline probably also would
Speaker 19: happen earlier than that. But if we want to get
Speaker 19: something ultimately built of this scale, especially if you look
Speaker 19: at how long it took to do the actual construction
Speaker 19: of the Trans Mountain pipeline, if we want something to
Speaker 19: be able to be in a position to deliver to
Speaker 19: market in the early thirties, we'd have to start.
Speaker 7: Now, that's.
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